A long-running SEC investigation into possible corruption by U.S. movie studios in China is...

A long-running SEC investigation into possible corruption by U.S. movie studios in China is casting a shadow over Hollywood's dealings in the country, especially as there hasn't been too much information on the inquiry's progress. At the same time, Chinese consumers have started to prefer home-grown blockbusters over Hollywood fare. Still, the show goes on, with "Kung Fu Panda 3" and "Iron Man 3" among the projects that use China for filming.

The SEC should not have any difficulty finding work. Find me one foreign company who's not bribing someone in China and that will be a loser. I remember the chairman of Li & Fung (Walmart supplier) saying as much sometime ago.

But it takes two to tango, and it's pretty certain this behavior is happening in ALL the emerging countries.